Book chapter 2024

A STUDY OF THE 21ST CENTURY 4Cs SKILL GAP IN THE INDIAN PRIVATE SECTOR

Contemporary Studies in Economic and Financial Analysis
Journal · Vol. 112A · pp. 1-15
Abstract

Purpose: This study aims to evaluate, explore, and characterise the perceptions of the Indian private sector employers on the 21st century 4Cs (critical thinking, communication, creativity, and collaboration) skills gap, which affects their productivity. Need for Study: This research aims to shed light on the significant issue of the soft skills gap, precisely the 4Cs skills in India. Soft skills, including the 4Cs, are complex and crucial for organisations, and the shortage of these skills among the workforce is a growing concern. This research addresses enterprises’ challenges in bridging this gap by exploring different ways to utilise these skills. Methodology: Fifty-six respondents were interviewed based on cluster sampling. An invitation was sent to 40 private sector organisations from five different industries. Only 15 organisations agreed to participate in the interview process. Findings: A total of seven were generated from the data, which included: (1) explicit and timely feedback; (2) compassion and understanding; (3) motivation deficiency; (4) lack of collaboration synergies; (5) lack of practical knowledge; (6) interpersonal skills; and (7) creating team culture. Implication: Given the prevalent skills gap, it is challenging for Indian industries and organisations to remain competitive in the global market. Investing in the education system, providing students with the necessary academic and vocational skills, and equipping them with soft skills, such as the 21st century 4Cs skills is essential to address this issue. Investment is necessary to prepare the workforce to meet the demands of emerging businesses and technologies, ensuring that industries and organisations remain competitive. © 2024 by Ishfaq Hussain Bhat and Shilpi Gupta Published under exclusive licence by Emerald Publishing Limited.

Keywords

Author Keywords

Higher education Skills Creativity Collaboration Problem-solving skill gap 4Cs

Index Keywords

Author Affiliations
School of Commerce, Shri Vile Parle Kelvani Mandal’s Narsee Monjee Institute of Management Studies (Deemed to be University), Mumbai, Mumbai, MH, India
Chitkara University, Punjab, Rajpura, PB, India
Funding & Acknowledgements
No funding information
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